Mosaid Technologies (MSD.TO) said on Monday it is talking to other potential suitors as it tries to fend off an unsolicited takeover offer from Wi-Lan Inc (WIN.TO). The company said it has been approached by or initiated talks with several third parties as it looks for a white knight to counter an unsolicited C$480 million cash offer from Wi-Lan, a fellow Canadian patent-holding company.. Mosaid expects to talk to more parties and will give them access to further information about their operations later this week, it said in a statement. Mosaid recently bought wireless patents from Nokia (NOK1V.HE) and Microsoft (MSFT.O), and has asked its investors for time to prove the worth of these patents.
Shares of MSD remained unchanged at $10.78. In the past year, the shares have traded as low as $9.75 and as high as $11.80. On average, 62074 shares of MSD exchange hands on a given day and today's volume is recorded at 70719.
Shares of WIN fell by 0.36% or $-0.045/share to $12.50. In the past year, the shares have traded as low as $10.76 and as high as $14.40. On average, 6759540 shares of WIN exchange hands on a given day and today's volume is recorded at 6601654.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. Shares of MSFT traded higher by 0.43% or $0.11/share to $25.85. In the past year, the shares have traded as low as $23.65 and as high as $29.46. On average, 65904000 shares of MSFT exchange hands on a given day and today's volume is recorded at 50182312.
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